Determining To Windup A Dot Com BusinessDetermining whether or not to file bankruptcy when deciding to end a dot.com or start-up business requires much consideration and evaluation in considering the goals and objectives of the parties involved. Whether there should be just an asset sale and no potential financial libility by the creditors can be a major factor in determining whether or not to file for liquidation proceedings under bankruptcy proceedings.
The following questions have been addressed in this article:How should a business determine if they should file for bankruptcy under Chapter 7?
Should a company sell their assets?
What are the procedures to perform in winding down the operation without filing for bankruptcy?